Several Long Island companies shed unnecessary space last year to shrink their industrial real estate footprints, and many brokers say those contractions have represented the bulk of their recent lease and sales activity.

March 30, 2012Comments Off on New York investigating real estate pay-to-play

New York’s Department of State is cracking down on pay-to-play practices by real estate brokers who charge home inspectors and other vendors for a spot on preferred-provider lists, in violation of state rules. While it’s not illegal for brokers to ...

The Long Island housing market is no longer on life support, but a bloated inventory and weak demand has tempered industry optimism for a real recovery anytime soon. Without the adrenaline of last year’s federal tax break for first-time homebuyers, ...